Ukraine will lose up to 7.7% of its GDP if not all refugees return following the war.

Thursday, March 2, 2023
Ukraine will lose up to 7.7% of its GDP if not all refugees return following the war.

Even after the war ends, between 860,000 to 2.7 million Ukrainian refugees may remain abroad. According to a study by the Center for Economic Strategy, this will lead to GDP losses from 2.55% to 7.71%. Among the main reasons for refugees to settle in a new place outside of Ukraine are the prolongation of the war, the positive attitude of Europeans towards Ukrainians, and prospects for children. In addition, those who have gone abroad to escape the war zone may have nowhere to return, so their repatriation depends on the rapid reconstruction of their regions or the provision of support to move to the other areas in Ukraine.

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